TAM Capital Management Inc. Makes New Investment in Salesforce Inc. $CRM

TAM Capital Management Inc. purchased a new position in shares of Salesforce Inc. (NYSE:CRM - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 219,345 shares of the CRM provider's stock, valued at approximately $40,945,000. Salesforce makes up 20.0% of TAM Capital Management Inc.'s investment portfolio, making the stock its 2nd biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC acquired a new stake in shares of Salesforce in the fourth quarter valued at about $25,000. Key Capital Management INC acquired a new position in Salesforce during the fourth quarter worth about $26,000. Gilpin Wealth Management LLC purchased a new stake in Salesforce during the 4th quarter valued at about $26,000. Legacy Bridge LLC acquired a new stake in Salesforce in the 4th quarter valued at about $27,000. Finally, Costello Asset Management INC lifted its stake in Salesforce by 410.3% in the 1st quarter. Costello Asset Management INC now owns 148 shares of the CRM provider's stock worth $28,000 after purchasing an additional 119 shares in the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

Salesforce Stock Up 4.5%

Salesforce stock opened at $181.42 on Wednesday. Salesforce Inc. has a fifty-two week low of $146.32 and a fifty-two week high of $274.00. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a 50 day moving average price of $170.00 and a 200 day moving average price of $186.08. The company has a market capitalization of $148.58 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 0.94 and a beta of 1.18.

Salesforce (NYSE:CRM - Get Free Report) last announced its earnings results on Wednesday, May 27th. The CRM provider reported $3.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.13 by $0.75. Salesforce had a return on equity of 18.72% and a net margin of 18.73%.The company had revenue of $11.13 billion for the quarter, compared to analyst estimates of $11.05 billion. During the same quarter in the previous year, the company earned $2.58 earnings per share. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. Salesforce has set its FY 2027 guidance at 14.060-14.120 EPS and its Q2 2027 guidance at 3.250-3.270 EPS. Research analysts expect that Salesforce Inc. will post 10.29 earnings per share for the current year.

Salesforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 2nd. Investors of record on Thursday, June 11th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, June 11th. This represents a $1.76 annualized dividend and a yield of 1.0%. Salesforce's dividend payout ratio is presently 20.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CRM shares. Roth Capital reiterated a "buy" rating and set a $325.00 price objective on shares of Salesforce in a research report on Thursday, May 28th. B. Riley Financial upped their target price on Salesforce from $205.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, May 28th. Daiwa Securities Group cut their target price on Salesforce from $295.00 to $280.00 and set a "buy" rating for the company in a research note on Tuesday, June 2nd. BMO Capital Markets reduced their price target on Salesforce from $225.00 to $215.00 and set an "outperform" rating on the stock in a report on Thursday, May 28th. Finally, KeyCorp cut shares of Salesforce from an "overweight" rating to a "sector weight" rating in a research report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, sixteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $249.51.

Key Stories Impacting Salesforce

Here are the key news stories impacting Salesforce this week:

• Positive Sentiment: A three-year U.S. Department of Veterans Affairs agreement with a potential value of $1.6 billion is strengthening Salesforce’s government-cloud narrative. The contract expands use of Missionforce, Agentforce, Slack, MuleSoft, Tableau and Data 360 across the VA’s nationwide network, highlighting demand for Salesforce’s AI agents and unified data platform. Will Salesforce’s (CRM) US$1.6 Billion VA AI Deal Redefine Its Government-Cloud Narrative?
• Positive Sentiment: Salesforce was among the enterprise-software leaders in a broad rebound, with investors rotating toward companies positioned to benefit from AI adoption. The sector rally helped lift sentiment after a period of heavy selling. Salesforce Surges 7%, ServiceNow Jumps 8%, Workday Jumps 10% as Software Rebounds on AI Rotation
• Positive Sentiment: Commentary on Salesforce’s earnings move points to continued investor interest following its latest quarterly results, when the company exceeded consensus expectations for both earnings and revenue. The beat supports the view that cost discipline and AI-related products can drive growth. Why Did Salesforce Lead Index Gainers After Its Earnings Move?
• Neutral Sentiment: Night View Capital describes AI as a transformative, economy-wide technology and cites Salesforce as an important platform for corporate AI deployment. The discussion is supportive of the long-term thesis but does not represent a new contract or change to financial guidance. Salesforce’s Impact on AI Deployment in Corporate Environments
• Neutral Sentiment: Analysts maintain a consensus “Moderate Buy” view, while investors weigh Salesforce against other beaten-down Dow companies as a potential dip-buying opportunity. Salesforce Receives Consensus Rating of Moderate Buy
• Negative Sentiment: Despite the rebound, Salesforce remains well below its 52-week high, reflecting lingering concerns about software-sector valuations, competition and the pace at which AI investments translate into recurring revenue. Disney or Salesforce: Which Beaten-Down Dow Giant Is the Smarter Dip-Buy?

About Salesforce

Salesforce, founded in 1999 and headquartered in San Francisco, is a global provider of cloud-based software focused on customer relationship management (CRM) and enterprise applications. The company popularized the software-as-a-service (SaaS) model for CRM and has built a broad portfolio of products designed to help organizations manage sales, service, marketing, commerce and analytics through a unified, cloud-first platform.

Core offerings include Sales Cloud for sales automation, Service Cloud for customer support, Marketing Cloud for digital marketing and engagement, and Commerce Cloud for e-commerce.

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